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marine insurance
marine insurance
noun
- insurance covering damage to or loss of ship, passengers, or cargo caused by the sea
Word History and Origins
Origin of marine insurance1
Example Sentences
The oldest class of business in the commercial world is marine insurance — so, the transportation of cargoes and the underwriting of ships.
It also doubled the rates of marine insurance; which was the most grievous damage of all.
The expense of reconditioning and rebagging is generally borne by the marine insurance companies.
Hence the modern employment of the term for particular and general average (see below) in marine insurance.
Marine insurance contracts are dissolved by the outbreak of war except where the risk insured against had already been incurred.
They raised the rates of British marine insurance, but they did not dethrone the mistress of the seas.
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